Similar to the HSBC platinum deal (https://www.ozbargain.com.au/node/626191); however I noticed that some have complained that HSBC are a pain to bank with, so this magically appeared in my Facebook ads… :)
Bottom line - $49 fee for a $500 reward. Unclear if existing Citibank customers (example Coles Card underwritten by Citibank can avail this deal)
(most of the below is copy paste, somebody who can structure the details better feel free to edit)
With the Citi Rewards credit card, you can make the most of both Flybuys and the Citibank rewards program. Collect both Flybuys points and Citi reward Points when you shop at a Flybuys partner store,4 scan your Flybuys card and pay with your Citi Rewards credit card. When not shopping at a Flybuys partner store, earn Citi reward Points on Eligible Transactions5 on your Citi credit card and turn them into Flybuys points.4
What’s more, you can enjoy other ongoing benefits, such as Complimentary Insurances,6 access to the Citibank Dining Program7 and the ability to break big expenses into smaller, fixed monthly repayments with Citi Instalment Plans.3 Plus, save with a reduced annual fee of just $49 in your first year, reverting to $149 in subsequent years.8
Score Flybuys bonus points
Score 100,000 Flybuys bonus points when you apply for a Citi Rewards credit card and spend $3,000 on eligible purchases within 90 days from approval.1 That's redeemable for $500 Flybuys dollars which you can use at participating Flybuys retail partners to splurge on fashion, tech or money off your shop.2
Does anyone know if there is a waiting period if I have one rewards card with them only closed a few months ago?